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News Highlights : Top Global Markets News of the Day

10/30/2020 | 06:16am
Dow on Track to Wrap Up Worst Month Since March 

Major U.S. stock indexes are poised to open lower, on a sharp selloff in Twitter and Apple shares following disappointing results.

U.S. Household Income, Spending Likely Picked up Last Month 

Households likely boosted spending last month as incomes rose, forecasters say, another sign the U.S. economy continued recovering into the fall from damage inflicted by the coronavirus pandemic.

Eurozone Economy Soars but Covid-19 Resurgence Leaves It the Global Weak Spot 

The eurozone economy grew at a record pace in the third quarter, but has already stalled in the face of a resurgence of coronavirus infections and tough new restrictions, leaving Europe lagging even further behind the U.S.

Investors See Senate Races as Key to Election's Market Impact 

The prospects for many key policy shifts-such as greater economic stimulus or Joe Biden's health-care policies-hang on who controls the Senate.

U.S. Daily New Cases Hit a Record 

The U.S. recorded its highest number of coronavirus cases in a day so far, and approached nine million in total, as the pandemic's spread intensified across nearly all states.

German GDP Posts Historic Rebound 

The German economy posted a record expansion in the third quarter in output, the German statistics office Destatis said.

China to Prioritize Tech Self-Reliance, Officials Say 

China will put "technology self-reliance" at the top of all planning tasks for the next five years and emphasize the quality of economic growth in the next stage, senior Chinese officials said.

Disney Wants to Be the Streamiest Place on Earth 

A studio reorganization could change the way movie franchises like Star Wars and Marvel reach audiences

SPACs Offer Quick Exits for Venture Firms, but Potential Perils as Well 

Venture capitalists once viewed special-purpose acquisition companies as "bottom feeders" that they wouldn't let near their startups. Now many venture investors see these SPACs as a viable option for their companies to go public.

Economy Surges but Hasn't Recouped All Pandemic Losses 

Gross domestic product rose 7.4% in the third quarter from the prior quarter. The increase offset a good chunk of the record drop in output earlier in the year.

(END) Dow Jones Newswires

10-30-20 0715ET

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